Satcon Receives Largest Single Order to Date in Czech Republic

Satcon Technology Corporation (SATC) , a leading provider of utility scale power solutions for the renewable energy market, today announced that it will deliver 30.5 megawatts of its PowerGate(R) Plus solar photovoltaic inverters under a global master supply agreement with ENERGY 21 Group, one of Europe’s largest private power utilities. The solutions provided within this order will be used to power fifteen solar power plants in the Czech Republic.

These installations qualify as part of the Czech Republic’s Feed-In Tariff program, which is projected to create over 500 megawatts of grid-connected photovoltaic power plants through 2011. The solar power stations will be owned by ENERGY 21, who specializes in the construction and operation of large scale solar energy plants in the Czech Republic and Slovakia. CE Solar, the EPC division of ENERGY 21, will deliver and maintain the solar PV plants which will be constructed in the first half of the year.

"The utility scale solar power market in the Czech Republic is poised for significant growth in 2010 as demonstrated by these projects," said Daniel Kunz, Chief Executive Officer of ENERGY 21. "Satcon is a trusted partner of ENERGY 21. Our experience working with them on some of the largest installations across the Czech Republic and Slovakia over the past two years gives us tremendous confidence that these new solar plants will deliver the highest level of reliability and performance, and provide the strongest value to our shareholders."

In addition to thirty-three of Satcon’s industry-leading PowerGate Plus 500kW inverters, the order also included thirteen of the company’s one megawatt PowerGate Plus CE inverters, four 250kW CE PowerGate Plus inverters, and over six hundred of its recently introduced smart subcombiners, the Satcon SSC(TM) solution.

"ENERGY 21 continues to demonstrate its leadership position within the European utility market," said Steve Rhoades, Satcon’s President and Chief Executive Officer. "As the demand for advanced, reliable utility scale solutions in Europe continues to grow, our partnership with ENERGY 21 helps us build a strong foundation in the Czech Republic to showcase our industry-leading, utility-ready solar PV inverter solutions. We are honored to be selected by ENERGY 21 and CE Solar to be a part of this world-class team of solar power innovators."

Satcon Technology Corporation is the leading provider of utility scale power solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 24 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, wind turbines, and energy storage systems.

ENERGY 21 is a Czech investment company specializing in development, construction and operation of solar power plants. Through its daughter company CE Solar Services it is ensuring also construction of roof and ground-based solar projects for third parties and sale of photovoltaic technologies. ENERGY 21’s projects belong to the largest in the CEE region and range the company among the key players in the Czech photovoltaic market.

www.cesolar.cz. 

www.Satcon.com.